Funding arb · Price arb /

META

RWAall META markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.006%

Price spread now: Bitget against Deribit+0.069%58s7-day average +0.055% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$300.302% of the position

Long on Deribit Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)−0.016%−$2 on $10k

Price spread, last 4 days (all we have)−0.205%−$21 · spread now +0.069%, 7d avg +0.055%

Together, before fees−0.221%−$22 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit META_USDC-PERPETUAL	741.97	0	get 0.0000% / 1h	47m 19s	$31K	$245K	10x
Short	Bitget METAUSDT	742.48	0	get 0.0000% / 8h	4h 47m	$5.4M	$11.7M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Deribit. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee DeribitbpFee BitgetbpOrdersPrice spread, now +0.069%Rate

Funding earned: $0
Price spread: +0.069% → +0.055%: $1.32
Slippage, 4 orders: −$11.21
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$28.88
Costs to cover: 0.302%
Break-even: never at this rate

Slippage from Deribit: live order book, 11 min ago; Bitget: live order book, 1 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Deribit live order book, 11 min ago	0.07 bp	8.4 bp −$8	10.1 bp −$101	doesn't fit	doesn't fit
Sell Bitget live order book, 1 min ago	0.67 bp	10.2 bp −$10	16.5 bp −$165	33.8 bp −$3,381	doesn't fit

META on 36 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin META-USDT	−0.0120%	8h	743.19	+0.164%	$330K	$1.1M	20x	as long as short
Nado META-PERP	−0.0048%	1h	742.01	+0.005%	$480K	$552K	20x	as long as short
Aster METAUSDT	0.0000%	8h	742.45	+0.065%	$466K	$551K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	742.26	+0.039%	$548K	$2.7M	17x	as long as short
Binance METAUSDT	0.0000%	8h	742.39	+0.057%	$27.5M	$180.2M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	742.15	+0.024%	$7.5M	$13.9M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	742.28	+0.042%	$6.0M	$13.5M	20x	as long as short
Gate META_USDT	0.0000%	8h	742.06	+0.012%	$363K	$5.7M	100x	as long as short
Bitget METAUSDTshort	0.0000%	8h	742.48	+0.069%	$5.4M	$11.7M	100x
Variational Omni META	0.0000%	8h	742.77	+0.107%	$2.4M	$3.1M	—	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT META_USDT_Perp	0.0000%	8h	743.01	+0.141%	$12K	$434K	10x	as long as short
SunX META-USDT	0.0000%	8h	742.95	+0.132%	$747	$9.1M	20x	as long as short
Deribit META_USDC-PERPETUALlong	0.0000%	1h	741.97	long leg	$31K	$245K	10x
HTX META-USDT	0.0000%	8h	742.47	+0.067%	$106K	$296K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	742.91	+0.127%	$2.0M	$8K	10x	as long as short
Lighter RH META	+0.0032%	1h	742.59	+0.084%	$765K	$3.0M	20x	as long as short
QFEX META-USD	+0.0036%	1h	742.33	+0.049%	$2.1M	$13.7M	10x	as long as short
Arcus META-USD	+0.0040%	1h	742.47	+0.067%	$110K	$330K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	742.77	+0.108%	—	$10K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	742.46	+0.066%	$179K	$199K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	742.34	+0.050%	$559K	$540K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	742.49	+0.070%	$24K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	741.81	−0.022%	$711K	$4.3M	10x	as long as short
Paradex META-USD-PERP	+0.0061%	8h	742.25	+0.037%	—	—	5x	as long as short
Aftermath Perps METAUSD	+0.0078%	1h	743.37	+0.188%	$50K	$81K	10x	as long as short
KuCoin METAUSDTM	+0.0100%	8h	742.56	+0.080%	$1.6M	$534K	20x	as long as short
ApeX Omni METAUSDT	+0.0100%	1h	742.19	+0.030%	$166K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	742.38	+0.055%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	742.20	+0.030%	$267	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0104%	1h	742.26	+0.039%	$614K	$7.2M	10x	as long as short
Hotstuff META-PERP	+0.0112%	1h	742.46	+0.066%	$33K	$105	20x	as long as short
edgeX METAUSDC	+0.0129%	4h	742.98	+0.136%	$62K	$337K	10x	as long as short
Lighter META	+0.0216%	1h	742.53	+0.075%	$857K	$2.4M	20x	as long as short
Injective META/USDC PERP	+0.0220%	1h	744.79	+0.380%	$172K	$48K	30x	as long as short
tradeXYZ xyz:META	+0.0255%	1h	742.39	+0.057%	$69.4M	$120.3M	20x	as long as short
Phoenix META	+0.0591%	1h	743.92	+0.263%	$631K	$1.2M	20x	as long as short